Hong Kong stablecoin rules to upgrade city’s trade-finance role: UAE digital banker

Hong Kong stablecoin rules to upgrade city’s trade-finance role: UAE digital banker

Hong Kong’s Stablecoins Ordinance marks a significant milestone, as cross-border payments using the cryptocurrency can facilitate trade-finance flows between Hong Kong, mainland China and global markets such as the Middle East, according to the CEO of Zand, an AI-powered fintech and financial-services group in the United Arab Emirates (UAE). Future development under the ordinance could…

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Hong Kong luxury property: Southeast Asian ‘smart money’ fishing for ‘trophy assets’

Hong Kong luxury property: Southeast Asian ‘smart money’ fishing for ‘trophy assets’

Mainland Chinese buyers and “smart money” from Southeast Asia will continue “bottom-fishing for trophy assets” in Hong Kong’s luxury property market as prices remain depressed through 2025, according to the director and head of residential sales at Savills. Capital from Singapore had been flowing to Hong Kong because the Singaporean market had not declined, Thomas…

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Chinese start-up joins NetDragon-owned Cherrypicks to push AI solutions overseas

Chinese start-up joins NetDragon-owned Cherrypicks to push AI solutions overseas

Beijing-based Zhongke WengAI, whose services are used by various Chinese ministries and state media outlets, will also jointly develop with Cherrypicks – owned by Hong Kong-listed NetDragon Websoft – enterprise AI solutions for industries such as finance and healthcare, the partners said in a statement on Friday. This collaboration “exemplifies the convergence of China’s AI…

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